decentFin

decentFin

Moving inside a channel. Near term fundamentals doesnt favor sudden huge upmove but can move till the last downward breakout line before consolidating for the next upmove. Real positivity is the increased demand for electricity generation which is happening and if thats the case with good summer heat, can see 250 by may or june itself.

decentFin

Considering the negativity surrounding natural gas. Almost all has been priced in and is in multiyear low. Now might be a good time to be long as any short covering can shoot up into good rally and it has to go to mean also

decentFin Updated 

Reversal didnt happen as expected at 245 due to weather change with too much hope. Next level is at 289 but that ride is entirely based on the cold weather forecast tilll 17th and the difference in JAN and FEB contracts has reached almost 40 showing the short term bullishness. So high chances of crashing on getting close to the weekend if weather forecast remains...

decentFin Updated 

Bearish flag. Wait for trend confirmation and enter

decentFin Updated 

Moved down and is forming flag. If breaks the downside and below 200 MA, Downside is confirmed and can enter for a good downward move

decentFin

Still in uptrend after breaking out triangle in weekly chart and is forming flag in day chart. Have to wait for the decisive move to occur to enter. Being fundamentally strong, can give good move if breakout happens on the upside

decentFin

Fundamentals - Strong as ever - Mutual funds inflow, Retails participation, strong economy, Pending election. Weakness - Rally too extended, Retail participation moving all the stocks. No stocks is undervalued at present. To watch for the levels and target is open. On the upside - Consolidation can become part of a flag and if happens can give a significant move...

decentFin

Nearterm bearishness likely as last Pendant opened on lower side and is consolidating in a short range after last Uptrend which marks the reversal. So till the upside takes down 3900, likely to follow the downside route.

decentFin Updated 

Formed a spike low of 190 and reversed and forming a consolidation range Levels: Channel top is at 217 to 220 range. If crosses decisively can rally to the top resistance of around 240 which can be the hurdle and likely to reverse back to 220 again before next rally. So enter at 220 with stop in the middle of the channel for that entry and exit at 240.

decentFin

On a downtrend with strong support at 72. On confirmation of breaking upper line can enter but problem is with fundamentals. Saudi cutting 2 dollars is bearish as it decreases the incentive for US producers and showes the lack of confidence with respect to demand. So Can even push below the 72 support and go down before uptrend. Till then wait and watch

decentFin

On weekly charts, forming a good flag pole. Wait for a decisive breakout continuation as fakeouts have happened before. Once confirmed, can give a blast

decentFin

Moving inside a predefined path. Considering the negative interest rate, Wont move out of the channel yet but by april or may, Once BOJ gives a decisive raise in rates, can see the breakout for a decent move on the upside

decentFin Updated 

SBI cards has been trading in a downward trend hitting the resistance line thrice and has not been included in the recent rally. Long pending rally is there yet.

decentFin Updated 

At major resistance Likely to reverse but considering dollar weakness, can be good long trade if brakeout happens and sustains above 740- 745 range

decentFin

Right now at minor resistance, if crosses will come at major resistance of the channel top. Have to wait to see the path to enter